British retail sales grew robustly in the year to August 2013, at the fastest rate since November 2012, according to latest quarterly Distributive Trades Survey conducted by The Confederation of British Industry (CBI).
The survey in which 125 firms participated, includes 69 retailers, 49 wholesalers and four motor traders.
According to the survey conducted between 29 July 2013 and 14 August 2013, 49% of respondents reported growth in retail sales volumes compared to the year ago.
On the other hand 22% respondents reported decline in sales, giving a balance of +27%, the strongest since November 2012 (33%).
It is expected that during September 2013 retail sales will grow at high rate.
Retail industry has seen growth across many sub-sectors, which includes clothing, grocers and recreational.
As per the survey, 35% of wholesalers respondents said that sales volumes will rose again in the year and 23% participants reported decline.
Main contributor for the wholesale growth were building materials and durable household goods, as the housing market picked up.
Majority of the motor trade respondents reported that sales volumes to be up on last year.
Both, wholesale and motor trade sales volumes are expected grow solidly again in September 2013.
Asda chief merchandising officer for food and CBI Distributive Trades Survey Panel chair Barry Williams said the feel-good factor from the heatwave, summer sales, royal baby fever and sporting victories has helped boost the high street, with clothing retailers and grocers benefiting in particular.
"Retailers expect another similarly strong month of sales growth in September, but this isn’t a time to rest on our laurels as shoppers may return to cautious spending until they see a sustained improvement to the pound in their pocket or, dare I say it in August, until the festive spirit kicks in," Williams added.